Author Topic: Toad & Taxes (Read 305 times)

FUNKED1 · « **on:** October 24, 2004, 06:04:30 PM »

Interesting Post:

Quote

Originally posted by Toad
Hold on there, amigo.

The 2001 Bush tax cut didn't cut a third off any rich dude's taxes. There are minimal reductions in percentage tax rates of the 2-3 higher brackets.

Further, the bracket adjustment clearly favors the lowest income taxpayers.

Before the 2001 "Bush tax cut"

2004, after the 2001 "Bush tax cut"

Now, if you want to argue that extremely rich people can afford to pay the very best tax advisors, attorneys and investment people to decrease their tax burden, I'd agree. I'd also agree that that very, very rich have tax shelters available that are not available to lower bracket taxpayers. But you can't hang either one of those situations on Bush. It's been that way forever, under Presidents from both parties.

FUNKED1 · « **Reply #1 on:** October 24, 2004, 06:05:38 PM »

My question is: In light of these charts, how come the DNC is braying about how "Bush's" tax cuts favored the rich? Could they be... lying?

Toad · « **Reply #2 on:** October 24, 2004, 06:11:51 PM »

No, Funky.

Capt. Apathy will be along to link us to certain somewhat "hidden" benefits in the Bush tax cuts that only the wealthy......... however a Democrat defines that........ can take advantage of.

Or something like that.

It's a conspiracy I tell ya....they're LISTENING! Get under the cone of silence!

FUNKED1 · « **Reply #3 on:** October 24, 2004, 06:13:06 PM »

So they are lying? Damn, imagine that, dishonest Democrats. Whodathunkit?

Nash · « **Reply #4 on:** October 24, 2004, 06:17:15 PM »

LOL LOL LOL!!!!!!

(erhm.... no real reason for posting that. I guess alla red white and blue combined with the mutual masterbation triggered something in my brain. I apologize.)

FUNKED1 · « **Reply #5 on:** October 24, 2004, 07:59:03 PM »

Quote

Originally posted by Nash
You have balls. I like balls.

Torque · « **Reply #6 on:** October 24, 2004, 08:04:51 PM »

No Bush fer Funky?

Nash · « **Reply #7 on:** October 24, 2004, 08:05:01 PM »

Whatever you say, Eagler.

FUNKED1 · « **Reply #8 on:** October 24, 2004, 08:11:32 PM »

Yeah Eagler!

Lizking · « **Reply #9 on:** October 24, 2004, 08:12:01 PM »

Funked, they use total dollars to arrive at the "Bush cut taxes for the Rich" bullchit, while leaving out the part about who actually pays the most taxes.

FUNKED1 · « **Reply #10 on:** October 24, 2004, 08:12:22 PM »

Quote

Originally posted by Torque
dirka dirka muhammed dirka dirka jihad

Airhead · « **Reply #11 on:** October 24, 2004, 08:58:41 PM »

All you have to look at is the chart Funky provides us with and you can see the biggest winners in the tax cuts are those in the highest bracket, whose liability will be cut 3.6%. Those in the middle class get a tax break of 2%.

Basically the "rich" (defined as those in the next highest tax bracket then me) got almost double the tax cut I got.

Lizking · « **Reply #12 on:** October 24, 2004, 10:10:13 PM »

Airhead, you better 'esplain your math, cause I don't see that.

Bodhi · « **Reply #13 on:** October 25, 2004, 12:59:12 AM »

Quote

Originally posted by Airhead
All you have to look at is the chart Funky provides us with and you can see the biggest winners in the tax cuts are those in the highest bracket, whose liability will be cut 3.6%. Those in the middle class get a tax break of 2%.

Basically the "rich" (defined as those in the next highest tax bracket then me) got almost double the tax cut I got.

explain your math to me too please....